Luckily both sites collect the taxes for our place.Our little town did implement a 1% tax that I have to pay separately.

why would a tax bill wipe out your equity at 60% loan to value?

If you were financing a property that netted $300 after principle, interest, taxes, and insurance (PITI), and say your rent was $1,200 a month.

You usually pay less in taxes and you build your portfolio much quicker than taking that money out. 

Both screen doors upstairs do not function correctly.Plumbing problems-The garbage disposal in the kitchen was not cleaned, is smelly and the rubber is flipped outwards.The bathroom sink in the smaller bedroom does not drain correctly despite us using an entire bottle of drain cleaner on it.Common areas that are not kept clean or have garbage-There was no attempt to clear the patio of years of accumulated debris and filth.

After looking into it more, I'm concerned about potential tax implications and legal issues, such as piercing the corporate veil.

It's just hard to prove that the tenant caused the issue, since as time passes the drain tends to accumulates as well.

I assume your prop tax increased 1.1% to 1.2% of the ADU cost even though the ADU only valued at $75k???

Hi Kin,Transferring your share of the property to your brother may have tax implications, including gift tax if the transfer is considered a gift.

At closing, the accumulated credit is applied to reduce the purchase price, eliminating the liability.